ColeenD3
Expert Alumni

Investors & landlords

These are not deductible. The expenses below are added to the basis. Just because something was on the closing statement, it doesn't mean that you can include it.

 

  • Title fees
  • real estate commissions
  • documentary stamps
  • credit report costs
  • costs of an abstract
  • transfer taxes
  • home inspection
  • flood certificate
  • attorney fees, etc.